Nokia stock: Bank of America keeps EUR 16.00 target for Nokia stock

Published on 10/22/2026 at 17:11 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

AI orders exceeded EUR 2.00 billion in the October 19 analysis. Nokia stock costs EUR 7.50 on October 22, 2026, 8.87 percent below Xetra close.

Analyst view and operating outlook

Bank of America kept its EUR 16.00 Nokia target on October 19, 2026.
The analysis cited more than EUR 2.00 billion in expected AI-related orders.
Nokia stock costs EUR 7.50 at Lang & Schwarz on October 22, 2026 at 5:03 p.m. CEST, 8.87 percent below the Xetra close of October 21, 2026, and 50.00 percent below its 52-week high.
Nokia maintained its full-year 2026 comparable operating profit outlook at EUR 2.10 billion to EUR 2.60 billion.

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Bank of America reiterated its Buy rating and EUR 16.00 target for Nokia on October 19, 2026, according to MarketScreener. Nokia stock was trading at EUR 7.50 at Lang & Schwarz on October 22, 2026 at 5:03 p.m. CEST, down 8.87 percent versus the Xetra close of October 21, 2026 at EUR 8.23.

AI orders meet capacity limits

Bank of America expected more than EUR 2.00 billion in AI-related orders ahead of Nokia's third-quarter report, including at least EUR 1.60 billion in optical networks and EUR 400.00 million in switches, MarketScreener reported on October 19, 2026. The same analysis identified production capacity and supply-chain bottlenecks as constraints on converting demand into sales.

EUR 7.50 sits below the yearly high

Nokia's 52-week range was EUR 4.98 to EUR 15.00 as of October 22, 2026. The Lang & Schwarz price stood 50.00 percent below the high and 50.60 percent above the low, while trading volume reached 2,486,992 shares by 4:53 p.m. CEST.

Operating outlook stays wide

Nokia's October 22, 2026 interim report kept full-year 2026 comparable operating profit guidance at EUR 2.10 billion to EUR 2.60 billion. The report also listed a 20.00 percent to 24.00 percent sequential sales increase assumption for the fourth quarter, while the stock's P/E ratio stood at 60.56 and market capitalization at EUR 41.9 billion as of October 22, 2026. Nokia published the report on October 22, 2026.

What supports EUR 16.00?

The analyst case rests on AI-related demand in optical networks and switches, but the capacity condition makes execution the central variable. Nokia's full-year outlook range of EUR 2.10 billion to EUR 2.60 billion gives investors a measurable benchmark for that execution.

Stock stays below EUR 15.00

Nokia stock was trading at EUR 7.50 at Lang & Schwarz on October 22, 2026 at 5:03 p.m. CEST, 8.87 percent below the Xetra close of October 21, 2026 at EUR 8.23. The quote was also 50.00 percent below the 52-week high of EUR 15.00. The further course of trading is shown by the continuously updated real-time quote of Nokia stock.